Mcap of 6 most valued firms erodes by Rs 1.71 trn; Infosys, TCS lag

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Mcap of 6 most valued firms erodes by Rs 1.71 trn; Infosys, TCS lag - Business Standard

Quick Summary:

From the top 10 pack, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever and ITC faced a combined erosion of Rs 1,71,680.42 crore in their market valuation while Reliance Industries, Bharti Airtel, State Bank of India and Life Insurance Corporation of India (LIC) were the gainers.

The combined market valuation of six of the top 10 valued domestic firms eroded by Rs 1.71 lakh crore last week, with IT majors Infosys and Tata Consultancy Services taking the biggest hit.

The valuation of Infosys tanked by Rs 62,948.4 crore to Rs 7,53,678.38 crore, the most among the top 10 firms.